Turkey - Factors to Watch on Nov 2

By Reuters News

- Here are news, reports and events that may affect Turkish financial markets on Monday.

The lira was quoted at 49.9700-49.9725 against the U.S. dollar at 0427 GMT, after closing at 49.9475 on Friday.

The BIST 100 index closed 3.64% lower at 10,759.56 points on Friday.

GLOBAL MARKETS

Share markets steadied in Asia on Monday as investors hoped for Apple earnings later in the day to provide some relief from AI cash-burn worries, while oil prices eased after talks continued between Iranian and Qatari mediators.

ERDOGAN IN SOUTH KOREA

President Tayyip Erdogan will visit Seoul from November 2 to 4 for a bilateral summit with his South Korean counterpart Lee Jae Myung.

Erdogan said South Korea could become a partner in developing Turkey's planned Sinop nuclear power station, according to an interview with Yonhap News Agency reported on Monday.

VICE PRESIDENT

Vice President Cevdet Yilmaz will attend the opening of the ministerial meeting of the Standing Committee for Economic and Commercial Cooperation (COMCEC) under the Organisation of Islamic Cooperation (OIC) in Istanbul, along with Trade Minister Omer Bolat. (0800 GMT)

TOURISM MINISTER

Culture and Tourism Minister Mehmet Nuri Ersoy will unveil 100 cultural items returned to Turkey from the United States at the Istanbul Archaeology Museum. (0800 GMT)

INTERIOR MINISTER

Interior Minister Mustafa Ciftci will meet local administrators in the central Konya province. (1000 GMT)

OPPOSITION

Ozgur Ozel, head of the main opposition New Party, will chair his party's central executive committee. (0900 GMT)

PARLIAMENT

Parliament's planning and budget commission will debate the Industry and Technology Ministry's 2027 budget, with Minister Mehmet Fatih Kacir attending the session. (0800 GMT)

PMI INDEX TRPMIM=ECI

The Istanbul Chamber of Industry (ISO) will publish the October manufacturing industry purchasing managers index (PMI) data, compiled by S&P Global (0700 GMT).

TRADE DATA

The Turkish Trade Ministry will announce preliminary October foreign trade data (0800 GMT).

BLACK SEA SECURITY

Turkish President Tayyip Erdogan said on Saturday after talks with Ukrainian President Volodymyr Zelenskiy that attacks on commercial vessels in the Black Sea are unacceptable regardless of who carries them out.

US Secretary of State Marco Rubio on Saturday said there was growing interest by the international community in facilitating a limited ceasefire in the Black Sea to ensure unfettered energy and grain shipments by Russia and Ukraine.

BORSA ISTANBUL

The general manager of Turkish stock exchange Borsa Istanbul, Korkmaz Enes Ergun, was detained on Saturday on suspicion of accepting bribes, state-owned Anadolu Agency reported.

CAPITAL MARKETS BOARD

Muhsin Atci has been appointed as chairman of Turkey's Capital Markets Board (SPK), with Ersin Başar Ekmekci appointed as deputy chairman, according to a decision announced in the country's Official Gazette on Sunday.

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